Скачать с ютуб Webinar | Hong Kong Regulation of Virtual Assets Trading Platforms | 20 October 2023 в хорошем качестве

Webinar | Hong Kong Regulation of Virtual Assets Trading Platforms | 20 October 2023

On 20 October 2023, Julia Charlton presented a webinar on Hong Kong Regulation of Virtual Asset Trading Platform. This webinar will cover Hong Kong’s licensing regime for virtual asset trading platforms, the ongoing obligations and various restrictions on their activities once they become licensed, the statutory offences that cover misconduct involving virtual assets and the latest development of the JPEX scandal. This webinar will cover the following topics in detail: Introduction to the licensing regimes under the AMLO & SFO; Key Definitions: virtual assets, VASPs etc; The Licensing Requirements: Financial Resources; Responsible Officers; Licensed; Representatives; Ultimate Owners & Substantial Shareholders, MICs; External Assessment Reports; Licensing Conditions: Token Admission Review Committee; VA due diligence and admission criteria; Conditions for offering VA for retail trading; Prohibited activities; VASP’s obligations re: suitability, disclosure, handling client assets, insurance & compensation; AML and CTF obligations and Application of Travel Rule to VA transfers; VASP’s ongoing reporting obligations & CPT requirements; Market misconduct offences; AMLO licensing regime’s transitional arrangements; and Latest development of the JPEX scandal. #SFC #VASP #licensingrequirements Timecodes: 00:00 Julia Charlton's welcome speech 00:57 2 Licensing Regimes for VATPs 02:56 Financial Action Task Force (FATF) Requirements 07:44 AMLO Licensing Requirements 09:21 SFC FAQS on Active Marketing 10:30 Providing a VA Service 12:57 Virtual Assets Definition 14:09 Exclusions from Virtual Asset Definition 14:55 SFO Licensing 16:30 Regulatory Requirements for Licensed VATP Operators 17:40 Eligibility for Licensing under AMLO & SFO 18:01 Platform Operators’ Fitness & Properness 18:12 Licensed VATP: Financial Resources Requirement 18:54 Platform Operators’ Competency requirements 20:53 Responsible Officer Requirements 22:03 Licensed Representatives 00:00 licensed representatives‘ required educational Qualifications & Experience 00:00 Substantial Shareholders and Ultimate Owners 00:00 SFC Approval of a VATP’s Ultimate Owner 00:00 Managers-In-Charge of Core Functions (MICs) 00:00 VATP Complaints Officer & Emergency Contact Person, SFC Approval of Premises 00:00 VATP Licensing Application Process 00:00 Submission of Platform Operators’ Bank Account Information, SFC Regulatory Sandbox 00:00 VATP Licensing Conditions 00:00 Token Admission and Review Committee Requirements 00:00 VATP Obligations, Responsibility for Conduct & Adherence to Procedural Requirements 00:00 General Token Admission Criteria 00:00 Specific Token Admission Criteria for Retail Traded VA 00:00 Providing VA Trading Services to Retail Investors 00:00 Prohibition on Trading Virtual Asset Derivatives and other Restricted Activities 00:00 Protections for Retail Investors, Retail Clients’ Knowledge of VA 00:00 Suitability Obligations in the Context of Complex Products 00:00 VATPs’ Disclosure Obligations 00:00 Disclosure of Information for each Virtual Asset Traded 00:00 VATPs’ Obligations re. Handling Client Virtual Assets 00:00 Licensed Platform Operators: Insurance and Compensation Provision 00:00 Anti-Money Laundering & Counter-Terrorist Financing Obligations 00:00 Application of the Travel Rule to VA Transfers 00:00 Auditor Appointment and Submission of Audited Accounts/ Financial Resources Returns 00:00 Changes to VATP Licences Requiring Prior SFC Approval 00:00 Changes and Events Requiring Notification to the SFC 00:00 Continuous Professional Training Requirements for Licensed Individuals 00:00 The Market Misconduct Regime under the AMLO 00:00 Market Misconduct Regime Offence Involving Fraudulent or Deceptive Devices etc, in Transactions in VA 00:00 The SFO’S Market Misconduct Regime 00:00 Offence to Issue Advertisements to the HK Public to Acquire, Dispose of, Subscribe for or Underwrite Securities 00:00 SFC Sanctioning Powers: s53ZSP AMLO & s194 SFO 00:00 Individuals' Liability: s53ZSR(5) AMLO & s193(2) SFO 00:00 s53ZTH AMLO & s213 SFO 00:00 SFC Powers with Respect to Licensed Virtual Asset Platform Operators 00:00 Transitional Arrangements for VA Exchanges Operating in HK before 1 June 2023 00:00 SFC Warning: VATPS Engaging in Improper Practices - 7 August 2023 00:00 Police Arrests Relating to Unlicensed VATP - JPEX 00:00 JPEX Allegations 00:00 SFC Lists of VATPS 00:00 SFC & HK Police Joint Working Group Charltons Law Firm: https://www.charltonslaw.com/ Julia Charlton https://www.charltonslaw.com/the-firm... Don’t forget to follow our YouTube-channel and social media accounts: LinkedIn:   / 2995759   Facebook:   / charltons   Instagram:   / charltonslaw   Rumble: https://rumble.com/c/c-1647355